Fri, Jan 03, 2025
India's forex reserves dropped by USD 4.112 billion to USD 640.279 billion during the week ended December 27, the Reserve Bank said on Friday.
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Thu, Jan 02, 2025
Rupee dips 11 paise to 85.75 against the US dollar, pressured by strong greenback, foreign fund outflows, and low holiday-season trading volumes; GST revenue grows seven percent in December.
Mon, Dec 30, 2024
The rupee dropped 5 paise to 85.53 against the US dollar in early trade on Monday, as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments.
Thu, Jul 21, 2022
There is another aspect to the fall in Rupee value, adding that exporters make profits when the value depreciates
Large-scale adoption of Cloud has the potential to contribute $380 billion to the country's GDP, creating 14 million direct and indirect employment opportunities by 2026, a Nasscom report showed on Wednesday.
Wed, Jul 20, 2022
Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that's squeezing household budgets, heightening the urgency behind the video streaming service's effort to launch a cheaper option with commercial interruptions.
Sat, Jul 16, 2022
Depreciating rupee: A mixed bag for industry – software companies gain, while other sectors bleed; know what experts say
Fri, Jul 15, 2022
After implementation of a free trade agreement, India's exports to the UAE rose by 16.22 percent to USD 837.14 million during May-June this year, sources said on Friday.
Gold Price Today: The yellow metal inched higher on Friday as the dollar rally eased. Although the greenback`s remarkable performance overall and fears of aggressive U.S. interest rate hikes weighed on demand for bullion and set prices for a fifth straight weekly loss.
The allotment is part of Google's commitment to invest USD 1 billion with Airtel, which included equity investment in the company worth USD 700 million, about Rs 5,224 crore, Airtel said in a regulatory filing.
Oil prices settled lower on Thursday, but pared nearly all losses after falling more than $4 earlier in the session.
Thu, Jul 14, 2022
The rupee edged closer to the historic low of 80-mark against the US currency. On January 12, the rupee was at 73.78 per dollar. Rupee dropped more than Rs 5 in less than 6 months. Due to the depreciation of the rupee, the prices of many imported items will increase. At the same time, the effect will be seen on petrol and diesel too! Why is the rupee falling? How the fall in rupee will impact the common man? Watch this exclusive report on India 360.
Gold price in the national capital on Thursday dropped by Rs 163 to Rs 50,314 per 10 grams amid decline in international precious metal prices, according to HDFC Securities.
The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows.
Gold Price Today: The yellow metal was trading weak on Thursday. The gold slipped as investors worried that the U.S. Federal Reserve would raise interest rates more aggressively this month to combat skyrocketing inflation.
Rupee Vs Dollar: The Indian rupee weakened to hit record lows against the greenback for a fourth straight session and domestic bond yields rose on Thursday after data showed the U.S. inflation rate, already at four-decade highs, accelerated even further.
Gold Price: Gold rebounded from a near one-year low on Wednesday as the dollar retreated following an initial rally, helping bullion stave off pressure from prospects of steep rate hikes after U.S. consumer prices surged.
Asian shares struggled on Thursday and the safe haven dollar was strong as white hot U.S. inflation data drove fear the Federal Reserve will raise interest rates even more aggressively to slow price increases, potentially sending the economy into recession.
Wed, Jul 13, 2022
In its India's economic outlook - July 2022 report, leading consultancy Deloitte India said that as 2021 was coming to a close, there was optimism in the air but the optimism received a jolt early this year as a wave of Omicron infections swept through the country and Russia's invasion of Ukraine happened in February.
The rupee depreciated by 3 paise to close at a record low of 79.62 (provisional) against the US currency on Wednesday following a firm dollar in overseas markets and losses in the domestic stock markets.
Gold prices declined by Rs 85 to Rs 50,487 per 10 grams in the local market here on Wednesday, according to HDFC securities.
Tue, Jul 12, 2022
The rupee declined 15 paise to close at a new lifetime low of 79.60 (provisional) against the US dollar on Tuesday as a strong greenback overseas and weakness in domestic equities continued to weigh on investor sentiments.
Gold in the national capital on Tuesday rose by Rs 15 to Rs 50,581 per 10 grams, according to HDFC Securities.
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